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No float yet for Synlait Milk
By Pattrick Smellie Dec 5 (BusinessDesk) - Synlait Milk's Chinese and New Zealand shareholders still want to list the company's shares on the NZX, but there will be no float in the near future, says the Dunsandel milk processor's chief executive, John Penno. "At some stage, it...
Contact sells mothballed New Plymouth power station for $24 mln
Dec. 5 (BusinessDesk) - Contact Energy has sold its mothballed New Plymouth power station for $24 million to Port of Taranaki and Methanex New Zealand. The deal will see the council-owned port buy the majority of the site for $15.5 million, and Methanex a smaller chunk for $8....
RESEND NZ dollar creeps higher as RBA rate cut eases concerns for Australian economy
By Paul McBeth (Removes extraneous figure in second paragraph) Dec. 5 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart higher after the Reserve Bank of Australia cut interest rates in line with expectations and soothing fears the world's 12th biggest...
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